Company Name: Zefo Amount raised: Rs 40 crore Sector: Refurbished furniture and appliances portal Date announced: 15th November 2016 Investors: Sequoia India, Beenext and Helion Ventures What they will use the funding for: General operations Source: ETtech * Company Name: LawRato Amount raised: Undisclosed amount Sector: Online legal advice Date announced: 16th November 2016 Investors: Indian Angel Network What they will use the funding for: Development of its online platform and expansion of operations. Source: Inc42 * Company Name: Active.ai Amount raised: $3 million (approx. Rs 20 crore) Sector: Fintech Date announced: 14th November 2016 Investors: Kalaari Capital and IDG Ventures India What they will use the funding for: Upgrading the product platform and expansion into Asia and North America. Source: The Economic Times * Company Name: vClusive Amount raised: Rs 42.6 crore ($6.3 million) Sector: Online mrket place for luxury brands Date announced: 16th November 2016 Investors: Hunch Ventures What they will use the funding for: Technology development, marketing and promotions Source: Techcircle * Company Name: Stasis Labs Amount raised: $5 Mn Sector: Healthcare Date announced: 15th November 2016 Investors: RTP-Healthcare Ventures, Wonder Ventures, Techstars Ventures What they will use the funding for: Expansion in the domestic market and the US market. Source: Vccircle * Company Name: ElasticRun Amount raised: $2 Mn (INR 13.7 Cr) Sector: Logistics Date announced: 14th November 2016 Investors: Kalaari Capital and Norwest Venture Partners What they will use the funding for: Source: Inc42 * Company Name: Aermed Amount raised: Undisclosed amount Sector: Pharmacy Date…
